Sell because of A or B? Regards,

my system of 20 pips

This is another story which hasn't been discussed yet. If you are ALWAYS finishing a trading day with a positive balance with a method you kindly explained us but using a discretionary entry (or predicting which bar to enter), all I can say is I ...

my system of 20 pips

Meaning your entries are discretionary. Because if you'd entered either at E and/or F you would have been stopped in both cases. Please have a look at the attached chart. A couple of days ago, at post#138, you showed us you took the trade B. But you ...

my system of 20 pips

Then why not buy at E or F and wait until D? Regards, Blackeagle

my system of 20 pips

But when you refer to history and if it is repeating, why buy today? Yesterday's move which you base your today's buy decision was from 138.800 to 138.600 (down). So if history is repeating, why don't we expect the same thing today and try to sell ...

my system of 20 pips

Cate, At post #38, you opened a long position on EJ. I am attaching the same chart. AT this chart your position is shown by letter "D". Can you please tell me "history repeats itself" bar for this trade "D"? Did you open that trade because of bar ...

my system of 20 pips

First problem is it did not go straight through in one bar. Low of the first big bar is 138.608, and the next bar went until 138.422. Second problem is if we are supposed to open a long position today at 138.600, why? Because if history repeats ...

my system of 20 pips

Sorry, typo mistake, it was post#178, not 128. Regards, Blackeagle

my system of 20 pips

Hi Cate, At post #178, you wrote EU 1. sell stop: 1.27600, TP: 1.276400 (I believe this will be 1.274000) 2. sell stop: 1.27200, TP: 1.270000 but at post#236, you show a buy trade at 1.2740 with a TP at 1.2760. So, while post #178 says sell at ...

my system of 20 pips

If GDP falls short of expectations, that means a rate cut could be on cards before year end which will definitely send AUD below 0.90 even to 0.85 considering AUD is already overvalued in many terms as stated by RBA. As USD is on demand at the ...

AUD/USD

Will be announced on Sept. 3rd. I am a long term trader, so not interested in 40-50 pips moves. AUD may go up this week if manages to close above 9328. Regards, Blackeagle

AUD/USD

Australia quarterly GDP will be announced next week and even a contraction in economy is forecasted. If that's the case, we may see a sharp drop in AUD as yield difference will narrow down. Considering risk reward of this event, I like short side ...

AUD/USD

Assuming those transient levels match the real ones!!!

The similarity system

Of course, you couldn't. It was an example from the past to show you how you would start accumulating. As fartist stated at one of his/her posts, as trend traders we are not trying to catch tops and bottoms however it is important to start ...

Trend Trading System

As you know from the Building an equity millipede, Graeme insisted that "Entering with low risk is a big learning hurdle for everyone and it's a must.". I agree that we never know what will happen next day, but when you start accumulating positions ...

Trend Trading System

Only problem here is that the trend has been down since mid 2013 on Daily, therefore the price may be prone to deeper pullback like 8150-8175 where the top of the downward channel from October 2013 passes. Regards, Blackeagle

Trend Trading System

I know probability is on your side based on Eurusdd's explanations but what if the price DOES NOT go back to transient zone? Therefore I understand that if my zone turns out to be h-recurrent, my sell position will win, but I don't understand how my ...

The similarity system

Are you diversifying like Graeme explained or just using tight SL for each new position? What exit strategy do you use to close out all accumulated positions? Do you use H1 tf to accumulate positions? Kind Regards, Blackeagle

ADX Engulfing Millipede

How did you know it needed more pullback? Kind Regards, Blackeagle

Crystal Ship - Trend line

Another beauty. 13635 and 13550 are the last lines of defence.

EURUSD